Advisor Resource Council Invests $570,000 in Lockheed Martin Corporation (NYSE:LMT)

Advisor Resource Council purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,345 shares of the aerospace company's stock, valued at approximately $570,000.

Several other large investors also recently added to or reduced their stakes in the business. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at about $35,000. Redwood Park Advisors LLC bought a new position in Lockheed Martin in the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin in the fourth quarter worth about $42,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $11.83 during mid-day trading on Tuesday, reaching $460.63. The company's stock had a trading volume of 1,968,120 shares, compared to its average volume of 1,347,722. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 52 week low of $418.88 and a 52 week high of $618.95. The stock has a fifty day moving average of $471.56 and a two-hundred day moving average of $467.62. The firm has a market capitalization of $107.93 billion, a PE ratio of 19.90, a P/E/G ratio of 1.65 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. UBS Group upped their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. Finally, Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and an average target price of $541.80.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.